Ratings agencies upgraded SpaceX bonds to investment-grade following the company’s $25 billion debt offering this week.
SpaceX received investment-grade ratings on its bonds after raising $25 billion in a debt offering, signaling stronger financial credibility. The upgrade comes as the company expands its satellite and defense operations, including a recent Starlink launch and orbital experiments.
The debt raise follows a week of mixed performance for space stocks, which have trended lower amid broader market volatility. Analysts had anticipated the move as part of SpaceX’s strategy to fund ambitious projects, including potential acquisitions in the wireless sector.
Shares of SpaceX and related space stocks showed muted early trading Thursday, reflecting investor caution despite the positive credit rating news.